Jeanie Buss sues siblings to block sale of remaining Lakers stake

A group of five Buss siblings intend to transfer their combined 17.8% interest in the Los Angeles Lakers to investors Josh Kushner and Bob Iger. Jeanie Buss, who serves as the team's governor, has taken legal action by petitioning a Los Angeles Superior Court to block the sale. Her complaint claims the siblings secretly arranged the deal to oust her from the governor position and asks the court to hold them in contempt and liable for damages.

The filing also seeks the removal of Joey and Janie Buss as co-trustees of the trust that controls the remaining stake, citing a breach of fiduciary duty. NBA regulations require governors to own at least 15% of a franchise, putting Jeanie's role at risk. An earlier agreement with former majority owner Mark Walter would have allowed her to retain the governor title for five more years, but the current dispute jeopardizes that arrangement. The outcome could reshape the ownership structure and leadership of the Lakers.